Student Loans, Private Student Loans, Financial Aid, Paying for College, Education Loans, Undergraduate Borrowing, Graduate Borrowing
Getting you the grade since 1999.

Borrower Benefits

GradeSaver Student Loans feature several borrower benefits for all loan programs.

Deferment for up to six months

  • Undergraduates may defer repayment until six months after graduation or ceasing to be enrolled at least half-time. Immediate and interest only repayment options are also available. Graduate repayment is automatically deferred. Continuing education borrowers begin repayment the earlier of
    a) 180 days after the student graduates or earns a certificate;
    b) 180 days after the student ceases to be enrolled; or
    c) two years after the date of the loan disbursement.
    K-12 loans are immediate repayment loans.

Reduce your interest rates by up to 0.50%1

  • You can lower your interest rate by 0.25% by electing to have payments automatically deducted from your bank account.
  • Also, you can further reduce their interest rate by another 0.25% if you make 36 consecutive, on-time payments.

Increased cost-of-attendance loan limits

  • Loan limits for the most expensive private, non-profit education institutions have been increased.
  • Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where the cost of attendance has been determined to exceed $30,000). Borrowers in Continuing Education and K-12 loan programs may borrow annually up to $30,000. Subject to credit approval.

Copyright (C) 2007 GradeSaver Loans LLC. All rights reserved.
The lender for Gradesaver Student Loans is RBS Citizens, N.A., Member FDIC and Equal Opportunity Lender. RBS Citizens, N.A. may sell your student loan to a third party. RBS Citizens, N.A. will only sell your student loan if the third party agrees to honor all of RBS Citizens, N.A.'s promises to you, including all promised benefits that you will receive or might become eligible for during the loan repayment period.

  1. A 0.25% interest rate reduction is available for borrowers who elect to have monthly principal and interest payments transferred electronically from a savings or checking account. The interest rate reduction will begin when automatic principal and interest payments start, and will remain in effect as long as automatic payments continue without interruption. This reduced interest rate will return to the contract rate if automatic payments are cancelled, rejected or returned for any reason. Upon request, borrowers are also entitled to an additional 0.25% interest rate reduction if (1) the first 36 payments of principal and interest are paid on time, and (2) at any time prior to the 36th on time payment, the borrower who receives a monthly bill elects to have monthly principal and interest payments transferred electronically from a savings or checking account, and continues to make such automatic payments through the 36th payment. This reduced interest rate will not be returned to the contract rate if, after receiving the benefit, the borrower discontinues automatic electronic payments. The lender and servicer reserve the right to modify or discontinue borrower benefit programs (except for the cosigner release benefit) at any time without notice.